Chaarat Prospecting Results

Chaarat Gold Holdings Ltd
05 February 2008


For immediate release                                          5th February 2008


                              Chaarat Gold Holdings Ltd

                             ('Chaarat' or 'the Company')



Chaarat Gold Holdings Ltd (AIM:CGH) reports wide, high grade gold intersections 
          from prospecting results on the Main Zone, M3000 Project Area, 
                              at the Chaarat Property



Road Town, Tortola, British Virgin Islands (5th February 2008).

Chaarat is pleased to announce further positive results from the ongoing
prospecting programme on the M3000 Project Area of the Main Zone at its 100%
held, 604 sq km, Chaarat Licence Area in western Kyrgyzstan. The prospecting
operations included trenching and bulldozer excavations of the mineralised zone,
as well as the drilling of one core hole. The further excavations on the
mineralised zone have extended the strike length of the mineralisation in this
Project Area by 150 metres. The 217.2 metre long hole intersected significant
gold mineralisation. The drilling on the Main Zone was part of a broader 53
drill hole (10,200 metre) programme completed on the Licence Area in 2007 (see
press release, 6 December 2007).

The Chaarat License area comprises three parallel zones of gold mineralization,
namely, Main Zone, Contact Zone and Tulkubash Zone. The Main zone has been
delineated over a strike length of 4 kilometres. It has been further sub-divided
into six project areas (Please refer to Chaarat website: 
http://www.chaarat.com/Default.aspx?Cont=5) for convenience of exploration.



Highlights

Strike length of the mineralised zone increased from 340 metres to 490 metres.

Drill hole 128                22.56 metres at 5.82 g/t Au, 
                              including 12.3 metres at 9.23 g/t Au

Bulldozer excavation 7202-I   8.0 metres at 4.48 g/t Au

Bulldozer excavation 777      6.3 metres at 5.07 g/t Au

Trench 5/07                   9.0 metres at 2.62 g/t Au



Table 1: M3000 Project Area Drilling Results, 2007


 Project       DH       From (m)     To (m)   length (m)  True width    Au g/t     Ag g/t
                                                              (m)
  M3000       DH128        111        144         33        22.56        5.82        2
  M3000     including      126        144         18        12.30        9.23        2
  M3000       DH128        168        171          3         2.40        4.13        1



Table 2: M300 Project Area Bulldozer and Trench Results, 2007


    Trench No/        metres      g/t Au
   Bulldozer cut
     DC 7202-I           8         4.48
      Tr 5-07            9          2,26
       DC 777           6.3        5.07



QA/QC PROCEDURES


Sampling Methodology and Quality Control

All samples are sent to a laboratory in Kyrgyzstan, the Central Scientific
Research Laboratory, JSC Kara Balta, (CSRL), accredited by the UK Accreditation
Service, for sample preparation and initial assays. All samples with gold above
1 g/t are then submitted to Genalysis, Australia, a NATA ISO/IEC 17025
accredited laboratory for analysis by fire assay. Only results received from
Genalysis are included in the Mineral Resource database and the intercept
summaries in this press release. Comparison of assays from the two laboratories
shows a small bias with Genalysis reporting higher values but with an acceptable
HARD value variance on the averages. With the 817 samples submitted to
Genalysis, 71 were internationally recognised reference materials and of these
only one value was marginally outside the accepted range. It is concluded that
the Genalysis assays are of sufficient quality to be included in the Resource
database although no up-dated Resource has been estimated at this stage.

The Main Zone

Mineralisation in the Main Zone is hosted in a 10-15 metres wide shear zone, 
which extends for at least 4 kilometres on strike, as an anastomising strike
slip fault system, within the Ordovician age Chaarat Formation (siltstones and
sandstones). The mineralised zones dip at 70-80 degrees to the NW. The gold is
associated with sulphides, sericitic alteration and minor quartz veinlets.
Prospecting to date, within the Main Zone, has been focused on four Project
Areas - the M2400, M3000, M3900 and M4000 Project Areas. Based on drilling
completed in 2006, a JORC compliant (indicated and inferred) resource containing
923,500 oz at a grade of 4.29 g/t Au, 4.39 g/t Ag and 0.30% Sb had been
delineated in the Main Zone Project Areas to depths varying between 180 metres
to 250 metres, down the dip from outcrop. The mineralisation remains open down
dip all along the Main Zone. Surface exploration undertaken this year discovered
additional mineralisation along strike in the now designated M4600 and M5000
Project Areas (See http://www.chaarat.com/Default.aspx?Cont=5).


M 3000 Project Area

The M3000 Project Area extends for a known 490 metres on strike, in which the
main mineralised zone dips at 70 degrees to the north west. The mineralisation
is characterised by the 10-22 metre wide main mineralised zone and multiple
subsidiary mineralised zones, of 2-3 metre width, developed in the footwall. 
The area has poor outcrop exposure and therefore it requires surface trenching
and bulldozer excavations to expose the mineralisation at surface. Based on the
drilling to the end of 2006, a JORC compliant resource (indicated  and inferred)
 of 2.346 Mt at 3.96 g/t Au, 6 g/t Ag and 0.46% Sb was delineated, over a strike
length of 340 metres and to a depth below surface varying between of 180 metres
(south west) and 240 metres (north east).

DH 128 was drilled to a depth of 217.2 metres in the south west of M3000 Project
Area and increased the number of holes drilled on this Project Area to 14. The
wide and high grade intersection of 22, 56 metres at 5.82 g/t Au (including
12.30 metres at 9.23 g/t Au) confirms the potential of this Project Area.

In addition, bulldozer excavation DC 7202-I, situated to the north east of the
Project Area, intersected  8 metres of mineralisation at a grade of 4.48 g/t Au,
which extends the strike length of the mineralisation by some 150 metres,
towards the M3400 Project Area and indicates that the mineralisation may
continue between the two Project Areas.

Two other excavations confirmed the width of the mineralisation; trench Tr 5-07,
intersected 9 metres at 2.62 g/t Au, and bulldozer excavation DC 777, in the
south west of the Project Area and in the area of DH 128, intersected 6.3 metres
at 5.07 g/t Au, in an incomplete exposure of the mineralised zone, where the
sampling was terminated in mineralisation by alluvial fill.

Comments CEO, Dekel Golan: 'These results are very positive, as we have
confirmed the presence of high grade and wide mineralisation in the M3000
Project Area and extended the strike length of the mineralised zone
considerably. This area will be accorded greater priority in this year's
drilling programme, with an aim of extending the resource and determining the
potential of the wide mineralised zone and the numerous subsidiary zones of
mineralisation in the footwall.'


Competent Person

The Competent Person with overall responsibility for this press release is
Anthony Martin, PrSciNat, MGSZ, MAuS IMM, PhD who is an employee of SRK
(Zimbabwe) (Pvt) Limited.  Dr Anthony Martin is an exploration geologist with 35
years experience in the resource industry and has been responsible for the
reviewing of exploration programmes on various properties internationally during
the past five years and the Chaarat project since August 2005; he has made four
site visits since that time.


About the Chaarat Gold Project

The Chaarat project is situated within the Middle Tien Shan Mountains of
Kyrgyzstan which form part of the Tien Shan gold belt.  At the completion of the
2006 exploration season, a Mineral Resource of 1.87Moz Au (JORC compliant in the
Indicated and Inferred categories) had been delineated. The Company's
exploration programme is aimed at increasing the confidence levels in this
Resource through infill drilling and increasing the resource through down-dip
and along-strike extension drilling.  In addition the company intends to explore
the remaining gold occurrences outside of those currently drilled in the central
6km of the 40km strike length within the Chaarat Licence Area.

About Chaarat Gold Holdings Chaarat Gold Holding is an exploration company
founded for the purpose of developing its sole asset, being the Chaarat License
Area. Chaarat was admitted to AIM on 8 November 2007.

Chaarat has 71.9 million outstanding shares and approximately $12.8million in
cash allowing it to comfortably continue its exploration program for 2008 and
beyond.


Disclaimer

This press release includes forward-looking statements. Such forward-looking
statements involve known and unknown risks, uncertainties and other important
factors beyond Chaarat's control that would cause the actual results,
performance or achievements of Chaarat to be materially different from future
results, performance or achievements expressed or implied by such forward-
looking statements. Such forward-looking statements are based on numerous
assumptions regarding Chaarat's present and future business strategies and the
environment in which Chaarat will operate in the future. Any forward-looking
statements speak only as at the date of this document. Chaarat expressly
disclaims any obligation or undertaking to disseminate any updates or revisions
to any forward-looking statements contained herein to reflect any change in
Chaarat's expectations with regard thereto or any change in events, conditions
or circumstances on which any such statements are based. As a result of these
factors, the events described in the forward-looking statements in this press
release may not occur either partially or at all.


Enquiries:

Chaarat Gold Holdings Ltd                             Tel:  [phone]
Dekel Golan  - [e-mail]
Terry Cross   -  [e-mail]

Canaccord Adams Limited                               Tel:  [phone]
Mike Jones
Robin Birchall








                      This information is provided by RNS
            The company news service from the London Stock Exchange